BB&T (BBT) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

BB&T (NYSE:BBT)‘s stock had its “hold” rating restated by equities researchers at Keefe, Bruyette & Woods in a research note issued on Friday. They currently have a $54.00 target price on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 7.04% from the company’s current price.

A number of other equities analysts have also recently commented on the company. FBR & Co set a $48.00 price target on BB&T and gave the stock a “hold” rating in a report on Friday, October 20th. Stephens upgraded BB&T from an “equal weight” rating to an “overweight” rating and set a $53.00 price target for the company in a report on Thursday, October 5th. BidaskClub cut BB&T from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Piper Jaffray Companies reiterated a “hold” rating and set a $48.00 price target on shares of BB&T in a report on Sunday, October 22nd. Finally, J P Morgan Chase & Co lifted their price target on BB&T from $48.50 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.71.

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Shares of BB&T (BBT) opened at $50.45 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $39,850.00, a PE ratio of 18.75, a price-to-earnings-growth ratio of 2.32 and a beta of 1.00. BB&T has a 12 month low of $41.17 and a 12 month high of $51.11.

BB&T (NYSE:BBT) last released its earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. BB&T had a return on equity of 9.64% and a net margin of 19.42%. BB&T’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. equities research analysts forecast that BB&T will post 3.1 earnings per share for the current fiscal year.

In related news, Chairman Kelly S. King sold 66,372 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $47.53, for a total value of $3,154,661.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donna C. Goodrich sold 10,799 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $46.77, for a total value of $505,069.23. Following the completion of the sale, the insider now owns 47,182 shares of the company’s stock, valued at $2,206,702.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 182,150 shares of company stock valued at $8,712,859. Company insiders own 0.36% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dupont Capital Management Corp bought a new stake in BB&T during the second quarter valued at $170,000. Blair William & Co. IL boosted its position in shares of BB&T by 4.1% during the 2nd quarter. Blair William & Co. IL now owns 41,406 shares of the insurance provider’s stock worth $1,880,000 after purchasing an additional 1,643 shares in the last quarter. Montag A & Associates Inc. boosted its position in shares of BB&T by 10.1% during the 2nd quarter. Montag A & Associates Inc. now owns 24,386 shares of the insurance provider’s stock worth $1,107,000 after purchasing an additional 2,232 shares in the last quarter. Cadence Capital Management LLC boosted its position in shares of BB&T by 2.0% during the 2nd quarter. Cadence Capital Management LLC now owns 129,560 shares of the insurance provider’s stock worth $5,883,000 after purchasing an additional 2,575 shares in the last quarter. Finally, RiverPoint Capital Management LLC boosted its position in shares of BB&T by 2.0% during the 2nd quarter. RiverPoint Capital Management LLC now owns 171,931 shares of the insurance provider’s stock worth $7,807,000 after purchasing an additional 3,388 shares in the last quarter. Institutional investors and hedge funds own 65.28% of the company’s stock.

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BB&T Company Profile

BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.